Dear
Trader…
Domestic benchmark equity indices on
Monday ended the trading session on a weak note, closing over 1 per cent lower
as the market saw broad-based selling pressure amid weak global cues.
At the closing bell, the 30-share Sensex tumbled 856.65 points, or 1.14
per cent, to close at 74,454. The index fluctuated between 74,907.04 and
74,387.44 during the intra-day trading session.
Similarly, the Nifty also ended lower by 209.95
points, or 0.92 per cent, at 22,612 on the first trading day of the week. The
index hit a high of 22,720 and a low of 22,572 during the intra-day session.
The decline was led by IT stocks, with
Wipro, HCL Tech, TCS, Infosys, and Bharti Airtel among the worst performers.
Their losses extended up to 3.7 per cent.
On the other hand, a few stocks managed to resist the downturn.
Mahindra & Mahindra, Dr Reddy’s Labs, Eicher Motors, Hero MotoCorp, and Nestle India were among the 12 Nifty stocks that ended in the green with a gain of up to 1.54 per cent.
Happiest Minds Technologies, Data Patterns, JSW Holdings Limited, Orchid Pharma and Vesuvius India are among top gainers on BSE index.
Broader markets also followed the negative trend, with the Nifty Smallcap100 and Nifty Midcap100 closing lower by 1.02 per cent and 0.94 per cent, respectively.
Sector-wise, all indices ended lower except for Auto and FMCG, which managed to hold on to slight gains.
Nifty futures opened at 22822 points against the previous
close of 22674 and opened at a low 22572 points. Nifty Future closed with an
average movement of 150 points and Decline of around 209 points and closed 22612
points…!!
Meanwhile,
Global headwinds
continue to weigh on the domestic market, with persistent volatility causing
uncertainty among retail investors, who generally have a lower risk appetite.
Weak US consumer sentiment and tariff concerns may further pressure
export-oriented sectors such as IT.
The overall sentiment remained bearish,
as investors booked profits after recent gain.
Technically,
the important key resistances are placed in Nifty future are at 22612 levels,
which could offer for the market on the higher side. stainability above this
zone would signal opens the door for a directional up move with immediate
resistances seen at 22808 – 22880 levels. Immediate support is placed at 22570 –
22505 levels.
Past Performance is not an Indicator of Future Returns. The
securities quoted are for illustration only and are not recommendatory.
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and related all the documents carefully before investing, mentioned on www.nikhilbhatt.in
